Blog
Farms and IHT - what’s really happening?
The media is full of calamitous headlines about the so-called “tractor tax” but is short on details. If you’re a farmer or landowner, what might the inheritance tax (IHT) changes really mean to you and how might you mitigate the impact?
Is landlord correct to charge VAT on rent invoices?
Your business rents its trading premises but you are concerned that your landlord is incorrectly charging VAT on some invoices. Your business can fully claim input tax, so is there really any issue?
Business rates reform - where are we now?
You need to delve into the small print of the Autumn Budget to find details of changes to the business rates. You’ll find that instead of the promised help for high-street businesses many will face higher charges in April 2025. What’s the full story?
VAT on barter and non-monetary payments
Your business sometimes sells goods and services to customers in exchange for their goods and services rather than money, i.e. a barter arrangement. How do you account for VAT on these deals?
Extracting extra income from your company
It’s that time when the Christmas financial hangover hits and your self-assessment bill is on the way, so you might need a little extra from your company to get you through. What are the most tax-efficient options?
Taking advantage of the employment allowance
If you’re worried about the cost to your business of the hike in employers’ NI from April 2025, the higher employment allowance (EA) might alleviate some of the pain. But will you qualify and are there any traps to avoid?
Need extra cash? Borrow from your company tax free
As a company owner manager if you borrow cash from your company HMRC applies tax charges on you and your business. However, it’s possible to legitimately avoid these and benefit from a tax-free loan indefinitely. What’s involved?
Tax and building a workspace at home
Antonia is a self-employed childminder. She’s having an extension built on her home in which she’ll run her business. Is she is entitled to a tax deduction for any of the construction costs?
BADR - is there a problem for cash-rich companies?
Your company ceased trading several months back and you’re about to wind it up. The trouble is it has substantial cash investments. Will this affect your entitlement to business asset disposal relief (BADR)?
Christmas gifts - the perennial tax question
It’s that time of year when thoughts turn to schmoozing customers and incentivising your workers with Christmas goodies. Choosing suitable gifts is easy, understanding the tax treatment less so. What’s to know?
Unexpected repayment return: do you need to do anything?
Your business always pays VAT on its returns. The current period shows a repayment is due from HMRC. What checks should you do before submitting the return and how will HMRC deal with this unusual claim?
Start planning now to reduce IHT on pension savings
One of the big changes announced in the Budget was that from April 2027 a person’s pension savings that remain when they die will be subject to inheritance tax. How will this work and are there steps you can take to mitigate the extra tax?